Step 1: Qualify the Property for Retail Buyers Profits
Step 2: The Purchase Contract Package (the magic of the program)
Step 3: Explaining the RBP Program to the Seller with Ease
Step 4: Open Escrow The Right Way
Finding a Closing Agent
Having an experienced closing agent to close your deals is CRITICAL!. In this video we explain exactly what you are looking for and why.
Email Swipe Copy to the Agent
You Must Have This!! This one email will set the stage for your transaction. It explains the entire transaction from start to finish with clarity and transparency.
Sending Purchase Contract Template
The title agent needs to know the specifics of the transactions. Use this template to send your contracts and look like a pro knowing exactly what you’re doing.
Step 5: List Property to Local Realtor
Step 6: Accept Highest and Best Offer
Best Offer to Accept
There are so many offer variables; Cash, FHA, Concessions, VA Loans and more. Knowing which offer is the best and why is critically important.
Concessions are what the seller is asking for with their offer. This is negotiable. We’ll show you how to negotiate these concessions and explain what is acceptable and what is not.
Some loan types require the property to be fixed prior to close of escrow. There is a unique way to work with the seller, agent and a contractor to get any repair items fixed without having to front any money. This video alone will save you thousands up front.
A traditional listing will come with 3% to the buyer agent and 3% to the selling agent. This too is negotiable. If a deal is tight, you can learn how to negotiate these commissions.
The property will get appraised by the buyer’s lender, no sweat! You’ll learn how to work with the sellers and the agents to get this scheduled, PLUS you’ll learn what happens if the appraisal comes in LOWER than expected.
The Numbers – Are You Making Money? You Need this Calculator!
This is HUGE! You must run the numbers to make sure that the offers will be profitable once accepted. Using the Retail Buyer Profits Calculator is critical in this step!
Step 7: Record Special Document
Record Notice of Interest
Knowing exactly how to fill out the NOI and recording the document and using the RNOI to make sure you get paid!
Step 8: Closing the Deal
The buyer might want to have an inspection done. No problem! If so, they might request items to be fixed. We show you how to get this done without spending any money out of pocket and completing the repairs for the very best price possible even if you are virtually wholesaling or in your local market.
We will show you how to schedule this with the seller and work with the agent and lender to get the deal closed.
Top 10 Potential Problems Solved!
There are problems that arise in any transaction. We cover the 10 most common problems when executing a Retail Buyer Profits transaction. This video is critical and is a MUST watch!!